Despite a 2% drop in VeriFone Systems Inc (NYSE:PAY)’s stock price during the June quarter, hedge funds were generally bullish on the company. Among the funds that we track, a total of 24 had an aggregate investment of $170.06 million in the company at the end of June, compared to 19 firms with $185.47 million in holdings at the end of March. We pay attention to hedge funds’ moves because our research has shown that hedge funds are extremely talented at picking stocks on the long side of their portfolios. It is true that hedge fund investors have been under...